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. >>> closing in on the fiscal cliff, the latest offer and rejection in washington. strange new clues about the whereabouts of a missing millionaire from silicone valley. where in the world is this man now? >>> he started at $55 million and they have now reduced it. >> discount does the trick. what it does to get the priciest mansion off the market. >>> good evening to you, there is still a lot of cloud cover and another rainmaker on the way to the bay area. find out why this one is different and why we won't have a flooding concern this go around. reduction offer right off te fiscal cliff. >>> the white house has booted the gop's new deficit reduction off the fiscal cliff. the 10-year plan promises to shave $2.2 trillion through a combination of entitlement cuts and tax reform measures. but house republicans still refuse to meet president obama's bottom line. letting the bush tax cuts expire for the wealthy. in the statement, the white house said that the plan fails the balance test and sticks the middle class with the bill. >>> the gay marriage in california is still on hold tonight. the
. >> if the fiscal cliff wasn't enough there's another problem that threatens to suck billions of dollars out of the economy. the california labor dispute that may need a nudge from the president. >> great news for anybody with about 26.2 miles of outdoor activity planned for the weekend. the weather may get worse. >> we have a lot more rainfall heading toward the bay area but the timing of things has changed a bit. details on that coming up in about six minutes. stick around. but a strike has effectively shut down the port of entryr many of those prod . >> we depend on goods shipped from over seas but a strike shut down the port of entry for many products the part of las angeles and long beach california. it came to about $200 billion worth this year. so what's the problem? here's cbs news reporter john black stone. >> reporter: it began with 70 workers now all 800 members of the union are on strike. but 10,000 other workers are refusing to cross the picket line. that's brought the normally busy port to a near stand still. >> there's probably about a billion dollars worth of goods that come
the fiscal cliff. but lawmakers don't seem closer to pulling us back from the edge. the treasury secretary twoint capital hill to pitch the president's plan. it includes $1.6 trillion in new tax revenue but it doesn't say where the savings will come from. house republicans called it an insult. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> we are waiting for some spifks som somewhere -- specific some where from your republican colleagues to show they're serious. >> if a compromise isn't reached by years end automatic tax hikes will kick you in. . >> president obama and mitt romney met face to face for the first time since their campaign. they sat down for a lunch. they discussed american leadership in the world and flej pledged to stay in touch. >> the supreme court could take up the same sex marriage debate as soon as tomorrow. we will know as soon as a list of cases is posted. if the pr prop eight-case is on the list, it could be decided by next summer. if it's not, then the ban will stand and
in washington and the fiscal cliff looming, he says the white house will only agree to a plan that including higher tax rates. >> if they are going me -- to force higher rates on all americans because their tax rates go up on 2% of americans, that's a choice we'll have to make. >> one1.6 trillion in tax revenue, cuts to medicare. he insists the bush era tax cuts must expire. >> what we did is put forward a very comprehensive, mix of savings and tax reforms that help us put us back on a path to stabilizing our death and living within our means. >> rebel cans did not welcome -- republicans did not welcome the proposal. >> i think it's essentially a rerun of his revenue proposals. they are 1.6 trillion in revenues and tax increases. >> and they're expressing frustration with the lack of progress. >> i would say we're nowhere. he's pointing out the administration did offer six hundred billion in cuts to healthcare. he remains optimistic a deal will be made. i'm elizabeth reporting. >> the u.s. supreme court could announce tomorrow whether it will hear appeal on several cases involving same sex m
are on the rise. >>> we are due to fall off the fiscal cliff in four weeks. tonight each side still insists the other's plan is impossible. republicans have dismissed the president's proposal as outlandish. democrats complain the gop plan is too vague. but the sticking point is the same. the president will not sign anything without a tax increase for the nation's highest earners. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> the gop counter offer calls for raising $800 billion in revenue without raising taxes. jay carney liken today to magic beans and fairy dust. >>> still counting the multibillion dollars vote that will not die. and how much the recount is costing bay area taxpayers. >> and the day after an epic evening commute meltdown, muni decides to let one group of passengers ride for free. >> and here comes flu season. why this year may or may not be different than normal. government after being toldo shut down. drakes bay oyster company >>> the owners of an oyster farm are suing the federal government after
Search Results 0 to 4 of about 5